Intrafirm diffusion of new technologies: an empirical application

Research on the diffusion of new technologies has centred on the study of the interfirm rate of diffusion, paying much less attention to intrafirm aspects. This paper attempts to overcome this gap in the literature by analysing the factors that influence the speed with which a new technology, the ATM, is fully adopted. The data over which the hypotheses are tested belongs to the Spanish savings banks market. The results show that the rate of intrafirm diffusion is explained by innovation, firm and market characteristics. In testing our hypotheses we make use of both traditional methods and survival analysis techniques.

[1]  Timothy H. Hannan,et al.  Rival Precedence and the Dynamics of Technology Adoption: An Empirical Analysis , 1987 .

[2]  Timothy H. Hannan,et al.  Market Concentration and the Diffusion of New Technology in the Banking Industry , 1984 .

[3]  Thomas W. Valente.  Network models of the diffusion of innovations , 1996, Comput. Math. Organ. Theory.

[4]  Brian G. Thomas,et al.  Continuous Casting of Steel , 2001 .

[5]  P. Stoneman,et al.  The Economic Analysis of Technological Change , 1983 .

[6]  Manuel Antonio Espitia Escuer,et al.  Market Structure And The Adoption Of Innovations: The Case Of The Spanish Banking Sector ‡ , 1991 .

[7]  M. Crozier.  The Bureaucratic Phenomenon , 1964 .

[8]  Sunil K. Sharma,et al.  Behind the Diffusion Curve: An Analysis of ATM Adoption , 1993 .

[9]  John B. Meisel,et al.  Market Structure, Uncertainty, and Intrafirm Diffusion: The Case of Optical Scanners in Grocery Stores , 1992 .

[10]  P. Joskow,et al.  The Diffusion of New Technologies: Evidence from the Electric Utility Industry , 1988 .

[11]  E. Mansfield.  Industrial research and technological innovation , 1968 .

[12]  Cristiano Antonelli,et al.  The diffusion of an organizational innovation: International data telecommunications and multinational industrial firms , 1985 .

[13]  H. White.  A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity , 1980 .

[14]  Philip G. Pardey,et al.  The time to adoption , 1979 .

[15]  Rui Baptista,et al.  Do innovations diffuse faster within geographical clusters , 2000 .

[16]  S. Winter,et al.  An evolutionary theory of economic change , 1983 .

[17]  Vijay Mahajan,et al.  Integrating time and space in technological substitution models , 1979 .

[18]  Lucio Fuentelsaz,et al.  Followers' entry timing: evidence from the Spanish banking sector after deregulation , 2002 .

[19]  Luigi Orsenigo,et al.  Innovation, Diversity and Diffusion: A Self-organisation Model , 1988 .

[20]  Paul Stoneman,et al.  Intra-Firm Diffusion, Bayesian Learning and Profitability , 1981 .

[21]  Edwin Mansfield,et al.  Intrafirm Rates of Diffusion of an Innovation , 1963 .

[22]  Paul Stoneman,et al.  Technological Diffusion: The Viewpoint of Economic Theory , 1985 .

[23]  J. Choi.  Herd Behavior, the "Penguin Effect", and the Suppression of Informational Diffusion: An Analysis of Informational Externalities and Payoff Interdependency , 1997 .

[24]  Massimo G. Colombo,et al.  Technological regimes and innovation in services: the case of the Italian banking industry , 1995 .

[25]  E. Mansfield.  TECHNICAL CHANGE AND THE RATE OF IMITATION , 1961 .

[26]  James Brian Quinn,et al.  Technological Forecasting for Industry and Government, Methods and Applications ed. by James R. Bright (review) , 1971, Technology and Culture.

[27]  A. Romeo.  Interindustry and Interfirm Differences in the Rate of Diffusion of an Innovation , 1975 .

[28]  J. Schumpeter.  Capitalism, Socialism and Democracy , 1943 .

[29]  B. Efron.  The Efficiency of Cox's Likelihood Function for Censored Data , 1977 .

[30]  David Zilberman,et al.  Adoption of Agricultural Innovations in Developing Countries: A Survey , 1985, Economic Development and Cultural Change.

[31]  Robert A. Peterson,et al.  Models for innovation diffusion , 1985 .

[32]  M. Kamien,et al.  Market structure and innovation , 1982 .

[33]  Timothy H. Hannan,et al.  The Determinants of Technology Adoption: The Case of the Banking Firm , 1984 .

[34]  Jennifer F. Reinganum.  Market Structure and the Diffusion of New Technology , 1981 .

[35]  D. Teece.  Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy , 1993 .

[36]  Wesley M. Cohen,et al.  Empirical studies of innovation and market structure , 1989 .

[37]  David R. Cox,et al.  Regression models and life tables (with discussion , 1972 .

[38]  H. Quirmbach.  The diffusion of new technology and the market for an innovation , 1986 .

[39]  Robert A. Peterson,et al.  Innovation Diffusion in a Dynamic Potential Adopter Population , 1978 .

[40]  T. S. Robertson,et al.  Technology Diffusion: An Empirical Test of Competitive Effects , 1989 .

[41]  Garth Saloner,et al.  Digitized by the Internet Archive in 2011 with Funding from Adoption of Technologies Uith Network Effects: an Empirical Examination of the Adoption of Automated Teller Machines , 2022 .

[42]  P. Geroski.  Models of technology diffusion , 2000 .

[43]  Z. Griliches.  HYBRID CORN: AN EXPLORATION IN THE ECONOMIC OF TECHNOLOGICAL CHANGE , 1957 .